478-484 Richmond Street

London, N6A 3E6

Interior: 11,078 ft²
Type: Investment
On the market: 14 days

Compare 478-484 Richmond Street

About this home

Excellent opportunity to acquire a well-maintained 11,078 SF commercial property in the heart of downtown London at Richmond Street and Dufferin Avenue, overlooking Victoria Park. Zoned DA2 with on-site parking, the property permits a wide range of uses including retail, restaurants, offices, clinics, medical/dental, schools, art galleries, assembly halls and commercial recreation. The building is occupied by established tenants including Commonwealth Coffee, Stobie's Pizza, Roli Poli Ice Cream and Umiga Sushi, all secured on leases, while the vacant 5,777 SF second floor offers freshly updated office space ideal for an owner-user. Seller can provide a one year lease if desired. A strong opportunity for both owner-users and investors seeking a prominent downtown asset with existing income and long-term flexibility. Current NOI of $253,327.86

Features

Public Transit

Property details

MLS® number: X13853296
Property type: Investment
Interior size: 11,078 ft²
Heating: Gas Forced Air Closed
Cooling: Yes

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Parking: garage: outside/surface
Property taxes: $34,676 (2025)
Possession: Flexible
Cross street: Dufferin Ave
Municipality: London

What it could cost each month

Mortgage estimate

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$0 down, 4.5%, 25 years

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near Dufferin Ave

478-484 Richmond Street, London

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Listing courtesy of THRIVE REALTY GROUP INC.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13853296. Measurements are approximate.

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Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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